Question

1.when an escrow fails to close the licensee must:

a. file a lawsuit to recieve her commision

b. arrange for arbitration between parties

c.arrange for meditation between parties

d.having the parties sign a cancellation of contract form

2.a licensee that advertises her home for sell with no intentions of selling is

a. using an effective prospecting technique

b. violationg the TILA BAIT AND SWITCH law

c. not doinf anything illegal if done by an employing broker

d. requires to list the name of the enploying broker in all ads.

3. a Cal-Vet loan is made under a/an:

a. land contract

b. mortgage

c. deed of trust

d. installment sales of contract

4.it is advised for a selling licensee to provide a disclosure and cosent for the possible representation of more than one buyer or seller to:

a. a seller only

b. a buyer only

c both buyer and seller

d. a seller in a dual agency transaction

Answer 1

1.when an escrow fails to close the licensee must:

Answer- b. arrange for arbitration between parties

2.a licensee that advertises her home for sell with no intentions of selling is

Answer- b. violationg the TILA BAIT AND SWITCH law

3. a Cal-Vet loan is made under a/an:

Answer - a. land contract

4.it is advised for a selling licensee to provide a disclosure and cosent for the possible representation of more than one buyer or seller to:

Answer- c both buyer and seller